16 Gibbs Ave, Wareham, MA 02571

PORTFOLIO PACKAGE FOR SALE!!!!! - ***BEST DEAL ON THE MARKET*** - Rare opportunity to purchase 4 separately deeded properties way below town's assessed value. Seller is super motivated and will sell for $65k per unit! Properties are being sold "AS-IS" - The 4 Properties include 16 Gibbs Street (2 Unit), 2587 Cranberry Highway (2 Unit), 129 High Street (2 Unit) & 10 Locust Street (4 Unit). GROSS RENTS $113,000; ANNUAL OPERATING EXPENSES $24,638; NET OPERATING INCOME $89,075 ANNUALLY. Please see attached INCOME & EXPENSE breakdown for info for financial info on each individual property. Price is non-negotiable at just $65k per unit, total asking price is $650,000 - Currently the town has the properties assessed value at $828,800. Seller is also willing to hold a small 2nd mortgage of 10-15% ($65,000 - $97,500) for up to 12 months so you could put down as little as 10-15% down and finance the rest. Fix up the properties; refinance them, and get your cash back. Properties will not last!